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According to the State Administration of Food and Drug Administration data, the medical device market in 2017 continued the high growth trend in recent years. China's healthcare technology and medical device industry revenue grew at an average annual compound rate of 20.7% from 2011 to 2016, well above the global average of about 3%. China's medical device market size in 2016 is about 370 billion yuan, the market size is expected to reach about 600 billion yuan in 2019. Among them, imaging equipment, in-body diagnostics and high-value consumables occupy the top three parts of the medical device market, accounting for 19%, 16% and 13% of the total market size, respectively.
believe that policies, markets and new technologies remain the three main factors affecting the development of China's medical device industry. The full implementation of graded diagnosis and treatment brings more opportunities for domestic medical equipment. The implementation of the two-vote system will further promote the transformation of mergers and acquisitions in the industry, the industrial structure continues to upgrade, medical device products to customize and high value-added direction, in 2018 the medical equipment market competition further intensified. Advance sieve technology, artificial intelligence, 3D printing, medical robots, graphene and other new materials technology development, for the medical market to bring about a disruptive revolution. (Beijing Business Daily)